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The NHS is being overcharged by £100 million a year for vaccines to immunise British children against diseases such as measles and tuberculosis, according to the world’s largest manufacturer of vaccines.

Cyrus Poonawalla, whose company Serum Institute of India produces half the world’s vaccines by volume, said that British taxpayers were suffering because of excessive profits earned by big Western drugs companies.

He said that the likes of GSK and Pfizer charged too much for vaccines that cost only a few pence to produce.

“The NHS would save £100 million per year,” he told The Times in an interview at